Southeastern Appraisal Group is experienced when it comes to foreclosures in Irwin CountyHouses that have gone back to the financial institution's ownership and properties in foreclosure bring forth various appraisal difficulties.
When dealing with a property in foreclosure, you should know market value versus a "quick disposition" price to evaluate your probable charge-off liability. Southeastern Appraisal Group has the training in both producing snapshots of market value for our mortgage servicing clients, in addition to "quick sale" forecasts that respect your pressing needs.
Owners of property in foreclosureunfortunately can present unique challenges. For example, they could be opposed to allowing an inspection of the property. If they have abandoned the home already, they could have overlooked the care of the home for some time - or unfortunately, ransacked the house.
For a property that has changed to Real Estate Owned, you typically will want to get rid of it quickly. However, you might want to know about and examine the concepts of "as-is", "as repaired", and "quick sale" values. These represent: